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Abstract. Through reimbursing a portion of the transactional amount to some consumers in a form of cashback, merchants are able to exercise third-degree price discrimination by offering two asymmetric prices via an online dual channel.For years, coupons have been Americans’ favorite way to save money, but we get it: Sometimes you just don’t have time to scour weekly ads and carefully cut (or, ahem, rip) out each deal. Luckily, we have cash-back apps and websites these days, which allow you to make money back on in-store and/or online purchases.

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